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Baring Launches International Small Cap Fund
Baring Asset Management announced the launch of an international small-cap product for institutional investors in the U.S.
Financial Engines Puts Advice on Retirement Plan Statements
Financial Engines launched Financial Engines Retirement Plan, a personalized statement giving individualized advice to participants about investments, savings, and retirement income.
Prudential Calls for Target-Date Offerings with Income Guarantees
Prudential Retirement released a white paper that said target-date funds should be changed to include guaranteed income features.
Schapiro Asks Staff to Recommend Changes to 12b-1 Fees
Mary Schapiro, Securities and Exchange Commission (SEC) chairman, told the Senate Appropriations Committee’s Subcommittee on Financial Services and General Government today that she has asked the SEC staff...
Pre-Retiree Retirement Security Confidence Declines
A Watson Wyatt survey found that workers aged 50 to 64 are much less confident they will have enough to retire than they were two years ago.
Abigail Johnson Named to Chair Fidelity Fund Board
Abigail Johnson, daughter of Fidelity Investments Chairman Edward C. Johnson III, was named the new chair of the Fidelity board that oversees its 161 fixed-income and asset-allocated funds.
GM Removed from S&P 500
General Motors Corp. will be removed from the S&P 500 index after the close of trading today, Standard and Poor’s announced.
Plan Sponsor Advisors Announces New Staff
Angelo Auriemma joined Plan Sponsor Advisors as the director of Investment Advisory Services, the firm announced.
VALIC to Apply to Participate in 403(b) Prototype Program
VALIC, a 403(b) plan provider, said it intends to participate in the IRS 403(b) prototype program.
Remaining JPMorgan Cash Balance Suits Settle
Class-action law firm Keller Rohrback L.L.P on Tuesday announced the settlement of a 2006 challenge to the JPMorgan cash balance plan.
MetLife Site Offers Resources for Enrollment Season
MetLife launched a Web site with tools and informational resources aimed at helping employers and benefits brokers most effectively communicate with employees during benefits enrollment season.
MetLife Book Offers Strategies for Maximizing Benefits Investment
A book from MetLife aims to provide strategies to help brokers and employers control costs and maximize their benefits dollars as they strive to meet the needs of...
AIM Asset Allocation Fund Seeks to Provide Risk Protection
Invesco Aim announced the launch of AIM Balanced-Risk Allocation Fund (ABRZX), which uses a proprietary risk management process with the potential to generate consistent returns in any economic...
Pershing Adds Three Fund Companies to FundVest
Pershing said it has added Neuberger Berman, The Hartford Mutual Funds, and T. Rowe Price to FundVest, Pershing's mutual fund platform.
Pershing Adds to SMA Offering for RIAs
Pershing said it expanded its suite of managed account solutions to provide advisers with access to a diverse list of money managers and a broad spectrum of managed...
Arnerich Massena Announces Director of Wealth Management
Portland, Oregon-based independent investment consulting firm Arnerich Massena&Associates, Inc., brought on David Reichle as director of Arnerich Massena Wealth Management.
Retirement Timeline: From Pilgrims to PPA
More than 300 years before ERISA, Americans enacted the nation’s first pension law.
Vanguard Offers $5B for iShares
The Vanguard Group has submitted a $5-billion bid for the iShares unit of Barclays, according to news reports.
Mass. City Teachers’ Agreement Includes 403(b) Match Cut
Newburyport (Massachusetts) School Committee member George Moker said teachers have agreed to give back on several items in order to achieve an agreement in tough economic times.
Citi, GM Lose Spots on Dow
Two mainstays of American business upended by the economic downturn are now losing their coveted spot in the Dow Jones Industrial Average, according to a Dow Jones&Company announcement.